Wells Fargo employees in the Houston area may have lost money in their retirement plans after stock prices in the bank declined. Employees who allege that Wells Fargo violated the Employee Retirement Income Security Act have filed several complaints against the bank....
An insurance company has been ordered in court to pay $5.5 million to a hotel and its employees on the grounds that it violated its fiduciary duties in connection with the Employee Retirement Income Security Act of 1974. Workers in Houston who may be in similar...
Employer-sponsored retirement plans, such as 401(k) plans, are part of the retirement portfolios of many U.S. workers. What happens with such plans can have major impacts on what kind of retirement workers are able to have. Given this, how employers act when it comes...
Developing a significant disability can have major ramifications within a person’s life. A worker going through this experience can have many worries about their financial future and questions about what things they could/should be doing to try to protect it....
Many things can be impactful for retirees. For individuals who had a retirement benefits plan through their employer, one such thing is what happens when they make a claim for benefits under the plan. Rules from the federal Employee Retirement Income Security...
Employment can often have many benefits for workers while they are employed and possibly even later during retirement. When a person has been with an organization for some time, they may have been part of a pension plan that would help provide the individual with...
The Houston Business Journal reported last week that Texas now ranks in the bottom five states when it comes to employer-sponsored health insurance. Only 52 percent of Texas residents are currently covered by employer insurance policies, according to the report. The...
Many people in Houston who have 401(k) retirement plans or pension plans with their employer are aware that there are federal laws governing the employer and the bank's administration of these accounts. The Employment Retirement Income Security Act governs many...
Employees of AT&T, which is headquartered in Dallas, Texas, may have heard that their pension plans could soon change quite dramatically. Last month, AT&T asked the U.S. Department of Labor to allow it to put newly-created shares of its stock into the...
Unless you are a human resources professional or you work in employment law here in Houston, you may not have heard that the Department of Labor is planning to ramp up its ERISA audits. ERISA, the Employee Retirement Income Security Act, is a set of laws that governs...